IBM 2013 Annual Report Download - page 147
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Notes to Consolidated Financial Statements
International Business Machines Corporation and Subsidiary Companies
146
Revenue by Classes of
Similar Products or Services
The following table presents external revenue for similar classes of
products or services within the company’s reportable segments.
Within Global Technology Services and Global Business Services,
client solutions often include IBM software and systems and other
suppliers’ products if the client solution requires it. Within Software,
product license charges and ongoing subscription and support are
reported as Software, and software as a service, consulting, educa-
tion, training and other product-related services are reported as
Services. Within Systems and Technology, Microelectronics original
equipment manufacturer (OEM) revenue is primarily from the sale
of semiconductors. Microelectronics Services revenue includes
circuit and component design services and technology and manu-
facturing consulting services. See “Description of the Business,”
beginning on page 28 for additional information.
($ in millions)
For the year ended December 31: 2013 2012 2011
Global Technology Services
Services $29,953 $31,161 $31,746
Maintenance 7,111 7,343 7,515
Systems 1,322 1,574 1,478
Software 164 159 140
Global Business Services
Services $18,065 $18,216 $18,956
Software 221 208 211
Systems 109 142 118
Software
Software $23,420 $23,144 $22,921
Services 2,512 2,304 2,022
Systems and Technology
Servers $ 9,646 $11,980 $12,362
Storage 3,041 3,411 3,619
Microelectronics OEM 1,463 1,572 1,975
Retail Store Solutions 6357 753
Microelectronics Services 215 346 277
Global Financing
Financing $ 1,493 $ 1,471 $ 1,612
Used equipment sales 529 542 490
NOTE U.
SUBSEQUENT EVENTS
On January 23, 2014, the company and Lenovo Group Limited
(Lenovo) announced a definitive agreement in which Lenovo will
acquire the company’s x86 server portfolio. See the caption, “Dives-
titures,” on page 98 for additional information.
On January 28, 2014, the company announced that the Board
of Directors approved a quarterly dividend of $0.95 per common
share. The dividend is payable March 10, 2014 to shareholders of
record on February 10, 2014.
On January 31, 2014, the company completed the initial closing
of the sale of its customer care business process outsourcing ser-
vices business to SYNNEX. See the caption, “Divestitures” on page
98 for additional information.
On February 6, 2014, the company issued $4.5 billion in bonds
as follows: $1 billion of 2-year floating-rate bonds priced at 3-month
LIBOR plus 7 basis points; $750 million of 5-year floating-rate bonds
priced at 3-month LIBOR plus 37 basis points; $750 million of 5-year
fixed-rate bonds with a 1.95 percent coupon; and $2 billion of
10-year fixed-rate bonds with a 3.625 percent coupon.